A run of 12 increases in 13 days to the average price of a gallon of self-serve regular gasoline in Riverside County totaling 8.4 cents ended Friday with a decrease of six-tenths of a cent to $4.599.
The average price is 1.1 cents more than one week ago and 19.9 cents higher than one year ago but 12.3 cents less than one month ago, according to figures from the AAA and Oil Price Information Service. It has dropped $1.774 since rising to a record $6.373 on Oct. 5, 2022.
“Southern California started 2024 with the highest gas prices ever for this time of year,” said Doug Shupe, the Automobile Club of Southern California’s corporate communications manager.
“Los Angeles wholesale gasoline prices rose rapidly last week on news of possible refinery problems, but dropped again this week as more supply became available on the wholesale market.”
The national average price dropped for the 13th time in 14 days, decreasing two-tenths of a cent to $3.088. The run totaling 4.1 cents includes five decreases of one-tenth of a cent and follows a four-day streak of increases totaling 6.1 cents.
The national average price is 3.2 cents less than one week ago, 14.1 cents lower than one month ago and 19.7 cents below one year ago. It has decreased $1.928 since rising to a record $5.016 on June 14, 2022.